President Obiang of Equatorial Guinea continues to act as if the fact that his country's people are among the poorest in Africa is of absolutely no concern to him. Colum Lynch reports that Obiang has approved a contract with a South Korean firm to build a $77 million "presidential guesthouse."
While the regime touts the benefits to Equatoguineans of its "zinc roofs campaign," which is replacing roofs made of palm fronds with corrugated tin roofs, President Obiang is building a guesthouse that will be an architectural showpiece. Its construction cost alone makes it more expensive than all but three homes listed in the United States, according to a story on Forbes.com last August.